Which One of the Following Statements About Learning Curves Is

question 10

Multiple Choice

Which one of the following statements about learning curves is False?

• A) The direct labor for the n+1st unit will always be less than the direct labor required for the nth unit.
• B) The reduction in time will follow an exponential curve.
• C) A benefit of learning curves is that they are unaffected by factors such as product complexity and the rate of capital additions.
• D) Using industry averages for learning curves can be risky because the type of work and competitive niches can differ from firm to firm.

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Definitions:

Degrees of Freedom

In statistics, the number of independent values or quantities that can be assigned to a statistical distribution.

Distribution Table

A table that displays the frequency of various outcomes in a sample, often used in statistics to organize data.

Rule of Five

A statistical rule stating that if a sample size is very small (n=5), the median can serve as an estimate of the population mean under certain conditions.

Observed Frequency

The observed frequency is the actual number of times an event occurs in a dataset or experiment.